Public utilities: rates.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill changes how California’s Public Utilities Commission (PUC) regulates rates for electrical and gas corporations. Specifically, it requires these corporations to provide more detailed information in rate proposals, particularly regarding their investment needs and capital structure. The PUC must also consider wildfire risk reduction efforts when approving rate changes and will be required to produce an annual report comparing spending over the previous five years, making all source data publicly available online. This report will also include considerations of how decarbonization policies impact energy costs.
Key provisions
- Electrical and gas corporations must include detailed information about their investment needs and capital structure in rate proposals.
- The PUC must consider wildfire risk reduction efforts when approving rate changes.
- The PUC must produce an annual report comparing spending over the previous five years for each corporation, broken down by functional category.
- All source data used for the annual report must be made publicly available online.
- The annual report must consider the impact of decarbonization policies on energy costs.
- Corporations with a certain number of retail customers (1,000,000 for electricity, 500,000 for gas) must study and report on cost-limiting measures.
- The bill adds a new section requiring corporations to disclose internally generated cash available for investment.
Who is affected
Bill text
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Sponsors
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1 on record
Primary sponsor
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